If you compare the increase in value of investment property in Evans Head, 2473 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 26.95%.
While Evans Head,2473 ranked number 142th in NSW for increase in median house value (annualised) increase, it is ranked 795th over the last 5 years.
Property buyers and investors in Evans Head 2473 should be seeing an average reduction in asking price of around -3.15% . This means that Evans Head is holding prices well when compared to other suburbs in NSW.
Renters in Suburb are facing rents around $26000 per annum or $500 every week.
With a capital gain of 16.54% for the last 12 months, Evans Head, 2473 has performed for property investments than its average annual 1.88% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Evans Head comes in at number 393th in NSW.
Evans Head, 2473 is offering NSW ‘s 465th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
In the last year 43 properties changed hands in Evans Head, which puts it as the 280th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 1.88%, investors should hope to achieve an overall return of 4.94%